"The best way to predict the future is to create it."
BTC: $53,374.15 | ETH: $2,480.12 | BNB: $541.14 | XRP: $1.19 | USDT: $1.00
MC: $1.9T | Dom: BTC - 50.3% ETH - 14.5% | MM: 1.53 | DA Projects: 9,443 (+9)
$1 = 1813 Satoshis
BIG News of the Day!
A Small Group of Investors Spent $24.5 Billion on Bitcoin in the Last Few Months, Louisiana Lawmakers Back Bill That Says Bitcoin Could Potentially Become New Monetary Reserve, Gemini users can now buy Bitcoin with Apple Pay and Google Pay, and Nexus Mutual moves to sunset legal entity, lift KYC requirements.
My Hot Take!
Happy Monday! Now this is how you kick a week off :) Bitcoin has regain a lot of what it lost since Friday but we are now just hitting the first level of overhead resistance on a 3 month daily chart. If we can jump $55K and then jump $57K we might be able to go back to ATHs once again. Meanwhile, keep your eyes on another pullback of sideways action. I fully anticipate some big news (maybe from Elon Musk) being dropped this week so fingers crossed.
The big news of the day is mind blowing and many have just meh the news. $24.5B is about 20x what Elon Musk put into Bitcoin. I continue to say it FOLLOW DAT MONEY! Altcoin market is bouncing hard as well. The favorite Blue Chip Alts are performing well and the low priced alts have serious potential to perform.
The overall bullish sentiment remains so even though we have these pullbacks, it's just a matter of time before we are starring at $100K and many beating themselves up because they didn't get off zero. There is a growing trend of announcements that retailers are accepting Bitcoin and other Digital Assets for payment; this could lead to approved regulation to use it as a medium of exchange. The regulatory landscape continues to look favorable so stay STRONG and HODL on!
Video of the Day: Aimstone - Bitcoin is Not in the Bubble YET!!! +$400,000 is Likely to be Top in This Cycle!! Podcast of the Day: What Bitcoin Did [Peter McCormack] - Strike Launches in El Salvador with Jack Mallers, Miles Suter & Michael Peterson Blog of the Day: Sylvain Saurel - HODLing Bitcoin No Matter What Is Your Superpower
Digital Asset Market
‘What Does The Future Hodl?’—Elon Musk Primes Bitcoin And Crypto For A Tesla Bombshell After Extreme Price Swings. 14% of Americans Own Crypto, Bitcoin Remains Most Popular: Survey. Demand for PayPal’s Cryptocurrency Offering Blows Past Expectations, According to CEO Dan Schulman. How Emily Segal Crowdfunded Her New Novel with Crypto. Discovering financial literacy: Crypto leads retail investment charge.
Exclusive Interview with CEO of HYVE Tudor Stomff on Supercycle, Labor Market Issues, NFTs & His Personal Portfolio.
OPINION: Saylor: Diversification ‘Makes No Sense’ in Bitcoin vs Gold Debate. “Taxes Don’t Matter”: People Race To Bitcoin Because Of Government-Induced Inflation, Says Jimmy Song. Former President Thomas Farley of NYSE Group: ‘Crypto Space’ Is ‘Best Kept Secret in the World’. Bitcoin is not an inflation hedge, Bitcoin skeptic Nassim Taleb claims. Proposed Tax Hike Could Be Massively Bullish for DeFi and Crypto, According to Messari CEO Ryan Selkis.
Bitcoin bulls respond with a $150M short squeeze above $53K. $240 Million Worth of Shorts Liquidated as Bitcoin Stages Sudden Comeback. 2 On-Chain Metrics Suggest Bitcoin Bullish Bias Intact. Analyst Peter Brandt enters $32.5K Bitcoin buy order as hodlers bet on $46K BTC price bottom.
OPINION: Pros say Bitcoin’s ‘very healthy’ correction ‘builds ground for more stable growth.’ Bitcoin markets record deepest retracement since Black Thursday: Raoul Pal. Anthony Pompliano Says Bitcoin Approaching Bottom As On-Chain Metrics Flash Bullish Signals. Bitcoin facilitates a global economy, says Tim Draper. Stock-To-Flow Creator PlanB “Relieved” After Bitcoin Price Plummets Below Trajectory; price fall doesn't mean the end, this was not the top. Bitcoin funding rate flips negative after $48K retest — Was it a bear trap? 'Black Swan' Author Taleb Blasts Bitcoin as ‘Ponzi’ and ‘Gimmick.’ Peter Brandt Believes Bitcoin May Suffer A Lot from Biden Presidency. Two Catalysts Driving Bitcoin’s Downward Spiral, According to Analyst Nicholas Merten.
Altcoins & Stablecoins
Analysis Reveals Why This Year’s Altcoin Season Will Be “Significantly Wilder” Than 2017’s.
Ethereum Starts Fresh Surge, Here’s How ETH Could Rally to New ATH.
4 Reasons for Current ‘Insane Demand’ for Dogecoin ($DOGE)
Tether’s market cap hits $50B as stablecoin adoption grows
OPINION: Veteran Crypto Investor Adam Cochran Explains Why He Is So Bullish on Solana (and Ethereum)
Getting Off Zero
Nothing to report.
Eminem partners with Gemini’s Nifty Gateway to Launch his First NFT. Is the NFL Ready for NFTs? Polygon (Ex-Matic) Breaks Into Digital Fashion Markets with DIGITALAX Partnership. NFT trading cards: A new way to own collectibles or an asset bubble? IOTA to Have Its Own NFT Marketplace: First Details Announced. Cheapening the NFT Boom.
Auction house Phillips sells 'self-replicating' NFT for $3.4 million.
Acceptance and Adoption Giant American Wine Seller Acker, Merrall, & Condit Now Accepts Bitcoin, Dogecoin, and Ethereum. Caracas Air Adopts Bitcoin as New Payment Method. Besides Tesla: Other Great Companies That Adopted Bitcoin For Payments. Cardano ($ADA) Payments Now Available to Merchants Using Shopify or WooComerce. How Bitcoin, Ether, BNB, XRP Are Helping Hong Kong Businesses Weather The Pandemic.
CBDCs/Banks/Digital Asset Banks
Decentralization is the final frontier for CBDCs. Norway Takes Next Step Towards CBDC. Paxos Gets OCC Approval for a Bank Charter. Top Chinese banks promote CBDC over local payment firms for shopping festival.
Wyoming 'DAO law' to go into effect in July after receiving final approval.
CeFi/DeFi (TVL: $100B)
DeFi Deep Dive — Uniswap, King Of the Ethereum Ecosystem.
NYSE Files to List Shares of Valkyrie’s Bitcoin ETF. CME Ethereum Futures Volume and Open Interest hit All-time Highs. Ethereum ETFs are here, building case for US approval of BTC and ETH funds. Crypto index fund run by Bitwise files to become SEC reporting company. World’s First Cardano and Stellar ETPs To Launch on Swiss Stock Exchange.
Lesson: 3 things every crypto trader should know about derivatives exchanges
Nothing to report
4 Key Factors Why Ethereum Gas Fees Could Get Cheaper. Ethereum Active Addresses Hits New High Following ETH All-Time High. Eth2 is neutral infrastructure for our financial future. ConsenSys to develop private version of Kakao’s Klaytn blockchain. Polygon (MATIC) jumps ahead as the race for Layer-2 adoption picks up. Cointelegraph Consulting: The post-genesis state of the Fei Protocol.
6 Questions for Denelle Dixon of the Stellar Development Foundation
Exchanges/Wallet/Custody April's crypto exchange volumes have hit a new all-time high. February's crypto exchange volumes made up nearly half the volumes on NYSE Group's stock markets. Seven USDC wallet addresses were blacklisted on Wednesday. DOGE/XRP Pair Listed by Bitrue (BTR) Exchange Amidst Painful Market Collapse. DEX volumes continue to surge even as Bitcoin and altcoins correct. Microsoft, Apple, and MicroStrategy Stock Tokens to Be Listed on Binance.
NYDIG Acquires Arctos Capital to Better Serve Bitcoin Miners. Leaked Nvidia RTX 3080 Ti GPU shown mining Ether at 118 Mh/s. ARK Invest, Square: Bitcoin Mining Could Incentivize Renewable Energy Development.
How Biden’s Tax Hike Could Affect Crypto Holders. U.K. Spy Chief Jeremy Fleming Claims Cryptocurrencies Could Enable "Significant" Intrusion. Cardano Creator Charles Hoskinson Says US Will Not Leave Crypto Regulation in Limbo. UK Releases Rules to Help Dissolve Disputes Arising From Emerging Tech. South Korean Prime Minister Kim Boo-kyum nominee to look into controversial crypto tax law. Mercurial on crypto: Will India’s latest stance lead to positive regulation?.
Would you Believe?
Satoshi Confirmed His Departure from Bitcoin Community 10 Years Ago? The homeless immigrant who ended up a crypto VC: Etiënne vantKruys? Chamath Palihapitiya Compares Bitclout to Early Bitcoin (BTC)? Elon Musk Believes that Future Definitely HODLs Some Crypto?
SEC Tries to Limit Ripple’s Access, Accusing the Company of ‘Harassment.’ Ripple Executives Refuse to Provide Their Offshore Trading Records. Four arrested after Turkish exchange Vebitcoin closes its doors. Korean Financial Authority Launches Crypto Investigation on Employee Investments.
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